Al$-$orobah Company use the CE technique to evaluate her investment projects. This company should select only one project, the economic life estimated by $4$ years. The table below explain the yearly cash flows from each project with the certainty equivalents factors for each year.

$\backslash$table$[[$Year$,$Project A$,$Project B$],[,\backslash$table$[[$Cash$],[$inflows$]],\backslash$table$[[$Certainty$],[$equivalents$],[$factor$]],\backslash$table$[[$Cash$],[$inflows$]],\backslash$table$[[$Certainty$],[$equivalents$],[$factor$]]],[0,-50000,1,-50000,1],[1,15000,0\mathrm{.}95,20000,0\mathrm{.}9],[2,15000,0\mathrm{.}85,25000,0\mathrm{.}85],[3,15000,0\mathrm{.}80,25000,0\mathrm{.}80],[4,45000,0\mathrm{.}70,30000,0\mathrm{.}75]]$

# which project the company should choose if you know that the risk free rate of return is $6\%q,$

Al$-$ taibah Development Company thinks to invest in one of these projects. The both projects need an initial cash out flow cost $300000$ SR$,$ and the projects age $10$ years. The first project produces $180000$ SR yearly as a cash inflow with a standard deviation $90000$ SR$.$ The second project produces $140000$ SR with a standard deviation $56000$ SR$.$ the risk free rate of return is $2\%$ and the company has cost of capital $(rs)$ equals to $6\%.$ The company $CV=0\mathrm{.}2$

# calculate the NPV for the projects before adjusting the $($rs$)$ and after?